Comments on: Fed Getting out of the Market http://mattsteinmetz.com/blog/fed-getting-out/ Mortgage Related News Fri, 13 Jan 2012 20:32:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matt Steinmetz http://mattsteinmetz.com/blog/fed-getting-out/comment-page-1/#comment-283 Matt Steinmetz Thu, 25 Mar 2010 14:54:49 +0000 http://mattsteinmetz.com/blog/?p=215#comment-283 Only 6 days left for the Fed purchase program. Rates already on the rise. Only 6 days left for the Fed purchase program. Rates already on the rise.

]]> By: Matt Steinmetz http://mattsteinmetz.com/blog/fed-getting-out/comment-page-1/#comment-177 Matt Steinmetz Mon, 11 Jan 2010 16:57:19 +0000 http://mattsteinmetz.com/blog/?p=215#comment-177 Within a few days of my post above, whispers started hitting the news lines and now even more chatter is available, that the FED is meeting later this month to discuss, among many things, the option of extending the MBS purchase program to keep rates lower longer. As with anything else, DO NOT consider this a truth until it has been done. With that said, it would be good news for rates and you. Within a few days of my post above, whispers started hitting the news lines and now even more chatter is available, that the FED is meeting later this month to discuss, among many things, the option of extending the MBS purchase program to keep rates lower longer. As with anything else, DO NOT consider this a truth until it has been done. With that said, it would be good news for rates and you.

]]> By: Matt http://mattsteinmetz.com/blog/fed-getting-out/comment-page-1/#comment-170 Matt Mon, 04 Jan 2010 21:09:04 +0000 http://mattsteinmetz.com/blog/?p=215#comment-170 Hello All! I was asked "what does that mean for lenders and real estate?" So I thought I'd add this here: Higher rates usually means lower sales prices due to purchasing power going down. What I mean is, as rates go up people can afford less. With less purchasing power you have other issues, such as appraisers trying to give value to a house in a market with a downward trend. Value will continue to be an issue. For lenders, refinance business will decrease as people hope for rates to go down. Hello All! I was asked “what does that mean for lenders and real estate?” So I thought I’d add this here:

Higher rates usually means lower sales prices due to purchasing power going down. What I mean is, as rates go up people can afford less. With less purchasing power you have other issues, such as appraisers trying to give value to a house in a market with a downward trend. Value will continue to be an issue.
For lenders, refinance business will decrease as people hope for rates to go down.

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